On Wednesday, the three major indexes collectively turned red. The market opened high and fluctuated, diving after 11 o’clock and turning red in the afternoon. In terms of the sector, it rose more and fell less. Architectural decoration, securities, Internet e-commerce and chemical products led the increase. Scenic spot tourism, hotel catering and medical services led the decline.
As of the close, the Shanghai Composite Index closed at 3455.67 points, up 22.61 points, or 0.66%. The turnover was 338.3 billion yuan. The Shenzhen Component Index closed at 13780.30 points, up 96.41 points, or 0.7%, with a turnover of 455.9 billion. The gem index closed at 3004.41 points, up 29.45 points, or 0.99%, with a turnover of 176.8 billion. In Shanghai and Shenzhen stock markets, a total of 3151 stocks rose, 1419 fell, 61 rose and 49 fell.
Future prospects of Bairui:
The index bottomed out in the afternoon and the Shanghai index rose 0.66%. Many sectors such as silicone concept, wind power and building materials continued to be active, and the securities sector led the rise, Guolian Securities Co.Ltd(601456) hit the limit in the afternoon, the cro concept and data security sector weakened, the scenic spots and Tourism sector were relatively depressed, the stocks in the three cities rose more or less, the trading volume continued to shrink, and the profit-making effect was strong.
Technically, the market has bottomed out and rebounded today, mainly due to the process of oversold and reverse recovery of repair indicators after continuous adjustment. However, due to the limited long momentum of funds before the festival, and the market also needs time to restore popularity and confidence, the operation is still based on wait-and-see before the stabilization signal appears, Keep watching more and moving less.
Strategically, there are still two trading days left in the year. According to the annual report Publishing Rules, listed companies with annual report performance changes of more than 50% should be published at the end of January, while generally listed companies with poor performance are published at the end of January. Therefore, in the next two days, we should be careful of thunderstorms and pay attention to risks for subject stocks that have not published performance, Overall, it is recommended that we focus on undervalued blue chips.
